Legis Daily

Fair FSAs Act of 2020

USA116th CongressS-4371| Senate 
| Updated: 7/30/2020
Tina Smith

Tina Smith

Democratic Senator

Minnesota

Cosponsors (2)
Kyrsten Sinema (Independent)Chris Van Hollen (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fair FSAs Act of 2020 This bill requires employers to allow employees who separate from employment to elect to receive a distribution from their health flexible spending arrangement. It also allows employees to roll over existing balances attributable to a reduction in expected elective health care expenses in the plan year due to the outbreak of COVID-19 (i.e., coronavirus disease 2019).
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Timeline
Jul 30, 2020
Introduced in Senate
Jul 30, 2020
Read twice and referred to the Committee on Finance.
  • July 30, 2020
    Introduced in Senate


  • July 30, 2020
    Read twice and referred to the Committee on Finance.

Taxation

Cardiovascular and respiratory healthEmergency medical services and trauma careEmployee benefits and pensionsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesNational Guard and reservesSales and excise taxesTax administration and collection, taxpayers

Fair FSAs Act of 2020

USA116th CongressS-4371| Senate 
| Updated: 7/30/2020
Fair FSAs Act of 2020 This bill requires employers to allow employees who separate from employment to elect to receive a distribution from their health flexible spending arrangement. It also allows employees to roll over existing balances attributable to a reduction in expected elective health care expenses in the plan year due to the outbreak of COVID-19 (i.e., coronavirus disease 2019).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 30, 2020
Introduced in Senate
Jul 30, 2020
Read twice and referred to the Committee on Finance.
  • July 30, 2020
    Introduced in Senate


  • July 30, 2020
    Read twice and referred to the Committee on Finance.
Tina Smith

Tina Smith

Democratic Senator

Minnesota

Cosponsors (2)
Kyrsten Sinema (Independent)Chris Van Hollen (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cardiovascular and respiratory healthEmergency medical services and trauma careEmployee benefits and pensionsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesNational Guard and reservesSales and excise taxesTax administration and collection, taxpayers